Categories
Geoeconomics

MIDDLE EAST:

IRAN:

  • Iran is reaching out to its old customers in Asia to gauge interest in its crude as the Persian Gulf oil producer ramps up diplomacy in a bid to get U.S. sanctions lifted. Prior to the penalties — put in place to pressure the country into renegotiating a nuclear deal — China and India were Iran’s biggest buyers in Asia, followed by South Korea and Japan. Iran’s crude shipments dwindled to a trickle after sanctions by the former U.S. administration in 2018 and the end of waivers for some countries in 2019, although a number of Chinese refiners continued to take some oil.

SOURCE: BBN BLOOMBERG


MORE GEOPOLITICAL NEWS:

GLOBAL GEOPOLITICAL NEWS

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s